Quantity-setting oligopoly with endogenous sequencing
Quantity-setting oligopoly with endogenous sequencing
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DOI：
10.1016/s0167-7187(98)00021-6
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发表时间：
1999-02-01
影响因子：
1.5
通讯作者：
Matsumura, T
中科院分区：
文献类型：
--
作者：
Matsumura, T
本文研究了数量设定寡头垄断中的内生测序问题。我建立了一个n个公司、m个周期的模型，在这个模型中，每个公司都可以选择产量和生产时间。我发现在每个纯策略均衡中，至少有n-1家公司在第一阶段同时生产。这一结果表明，除双寡头垄断外，广义Stackelberg型结果从来不会出现在均衡状态。(C)1999 Elsevier Science B.V.保留所有权利。
This paper investigates endogenous sequencing in a quantity-setting oligopoly. I formulate an n-firm, m-period model where each firm chooses both how much to produce and when to produce it. I find that at least n-1 firms simultaneously produce in the first period in every pure strategy equilibrium. This result shows that the generalized Stackelberg-type outcome never appears in equilibrium except in a duopoly. (C) 1999 Elsevier Science B.V. All rights reserved.